Screening Applicants with Frozen Credit
When screening applicants you should always do a background and credit check. You should never place a tenant without first completing this step. Occasionally, when preforming a credit check on an applicant, the credit check will come back “NA”. Usually, this happens because the applicant hasn’t built up credit yet. This is typical with college…
Read MoreRent Control Cannot Escape the Law of Supply and Demand
I came across this article just days after posting a blog post about the same topic. You can read it in it’s entirety here. Just one note, the author incorrectly states the rent control law only applies to landlords who have at least 4 units. This is a common misconception. Rent control applies to all…
Read MoreDoes Rent Control Mean it is Time to Cash-out of Oregon Real Estate?
Last week, Oregon Governor Kate Brown signed into law state-wide rent control. The law states in any 12-month period, a landlord cannot raise rent more than 7% plus consumer price index. For 2019, the rent control has been set at 10.3%. The law goes further to restrict no-cause termination for a very small set of…
Read MoreBest Practices for Landlording with Oregon Rent Control
As of February 28, 2019 rent control laws in Oregon have been enacted. Maybe you’ve read through the Senate Bill text, but find yourself more confused than when you started. We’ve tried to make an easy-to-understand summary of the changes, as listed below. Please keep in mind this is a summary and there are more…
Read MoreOregon Rent Control Law Changes in Plain English
You’ve no doubt heard about Governor Brown signing Senate Bill 608 which makes some pretty significant changes to landlord-tenant law. It is being called the first statewide rent control law in the country. And it is, but it isn’t the rent control that has landlords concerned as much as the restriction on no-cause eviction. Proponents…
Read MoreLearning actionable knowledge with Skill Share
It wasn’t until later in life that I appreciated learning. For me, going through school was just a matter of meeting a requirement. As I matured I learned to appreciate learning new things. But it wasn’t until recently I was able to see learning as an investment. Sometimes seminars, classes and education can be awfully expensive. But as…
Read MoreAverage Annual Return
Good investors are always measuring the performance of their investments. When it comes to investment properties, what is the measure of a good investment? Some real estate investors invest for cash flow while others invest anticipating the appreciation of the assets. The Average Annual Return takes three metrics into account: cash flow, appreciation, and amortization.…
Read MoreQuick Tip for Lease Term Length
One of the factors to consider when choosing the term length for your lease and you sign your next tenant is the calendar. When you lease term ends is (obviously) the most likely time your tenant will move out. Therefore, it decreases vacancy (often, the most costly expense) to have your lease end during peak…
Read MoreCreative Financing Options
Creative financing is key in successful real estate investing. One of the many reasons for investing in real estate is because it’s one of the only investments that you can leverage with other people’s money. You probably won’t be able to go down to the bank and get a 30 year loan to buy stocks,…
Read MoreHomeLight
I recently saw an advertisement on TV for a service called HomeLight, an online service for buyers and sellers to locate a real estate agent. It was something I hadn’t heard of before, so I thought I’d look into it more and share my findings with you. Home Light is a San Francisco based company…
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